Bobby's big mad! He has just found out. (NYC)

[g5000]

This is getting old. I said they can borrow money to buy a house. Then deduct the interest on that loan.

So can anybody who buys a home. DURR.

You can't borrow with a billion dollar portfolio as collateral. DURR.

That's why billionaires are charged a lower interest rate. They are "top tier" borrowers, which you would know if you read the link. DURR.

This is how they grow their wealth in ways you cannot. DURR.

 

[Toddsterpatriot]

This is getting old. I said they can borrow money to buy a house. Then deduct the interest on that loan.

Are you catchin up yet?

Thanks to Trump, if the rich guy bought the house on Dec. 16, 2017 or later, he can only deduct interest on the first $750,000 in mortgage debt.

 

[Toddsterpatriot]

You can't borrow with a billion dollar portfolio as collateral. DURR.

That's why billionaires are charged a lower interest rate. They are "top tier" borrowers, which you would know if you read the link. DURR.

This is how they grow their wealth in ways you cannot. DURR.

That's why billionaires are charged a lower interest rate.

You said 1%, not "lower". Keep trying!

LOL!

 

[Concerned American]

Robert DeNiro thinks that taxes are to be paid by the other guy.
Bobby thinks he should get some sort of an exemption because of who he is. Sorry, it doesn't work that way. You voted for it. Or if you voted for Cuomo, your party still allowed a system that nominated an Islamic Marxist. FAFO.

Robert Deniro is a POS. I have always enjoyed his work, but he is a commie IRL. I hope Mamdani shoves it right up his-------nose.

 

[DonGlock26]

It's not the progressives who like exemptions.

It's the wealthy who have bribed our politicians to put them in the tax code. The vast majority of politicians who have put tax expenditures into the tax code are Republicans.

Nice try.

The wealthy are the progressive Democrats now.

 

[Crepitus]

I did.

15% > 13%

So you read it, but you still don't understand what "regressive" mean or why a flat tax is?

 

[Crepitus]

I would like to see Warren Buffet's taxes. He probably takes advantage of tax laws that isolate him from having to pay the high rate he favors others paying.

By definition, flat taxes are not regressive/

See post #49

 

[WorldWatcher]

You have any real-world examples, or is this just a feeling?

Warren Buffett and His Secretary on Their Tax Rates

Get breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.

abcnews.go.com

Now poo-poo a rich person telling you.

WW

 

[Toddsterpatriot]

Warren Buffett and His Secretary on Their Tax Rates

Get breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.

abcnews.go.com

Now poo-poo a rich person telling you.

WW

Yeah, that's one of my favorite Buffett lies.

 

[WorldWatcher]

Yeah, that's one of my favorite Buffett lies.

I called it it.

WW

 

[Hollie]

He can whine all he wants as long as he pays. The rich should pay more.

Remember that Mandami wants to tax them there rich white people. He’s just a typical leftist, Islamic fascist.

 

[Toddsterpatriot]

I called it it.

WW

That I knew he was lying? Yeah, pretty obvious.

 

[g5000]

Yeah, that's one of my favorite Buffett lies.

Except Buffet was 100 percent accurate.

"Debbie works just as hard as I do and she pays twice the rate I pay. I think that's outrageous." - Warren Buffet

His secretary paid a tax rate of 35.8 percent while he paid 17.4 percent.

The only "lie" is his secretary paid MORE than twice the rate he paid.

 

[Toddsterpatriot]

Except Buffet was 100 percent accurate.

"Debbie works just as hard as I do and she pays twice the rate I pay. I think that's outrageous." - Warren Buffet

His secretary paid a tax rate of 35.8 percent while he paid 17.4 percent.

The only "lie" is his secretary paid MORE than twice the rate he paid.

Yeah, he was lying.

 

[g5000]

Yeah, he was lying.

Wrong, dipshit.

Apparently someone needs to explain to you what "tax rate" means.

 

[Toddsterpatriot]

Wrong, dipshit.

Apparently someone needs to explain to you what "tax rate" means.

After you subtract out 15.3% for payroll taxes, she paid 20.5%.

And he paid 17.4%. Except he didn't pay any, he donated $1.8 billion to charity and paid $0

 

[Admiral Rockwell Tory]

We already pay a consumption tax. It's called the "sales tax".

That's a state tax, dumbass. It depends on where you live how much you pay.

 

[g5000]

After you subtract out 15.3% for payroll taxes, she paid 20.5%.

And he paid 17.4%. Except he didn't pay any, he donated $1.8 billion to charity and paid $0

Which backs up Buffet's claim even more!

It's funny how you tools never mention payroll taxes when claiming the upper such-and-such percent pay 47 percent (or whatever) of all income taxes.

 

[Toddsterpatriot]

Which backs up Buffet's claim even more!

It's funny how you tools never mention payroll taxes when claiming the upper such-and-such percent pay 47 percent (or whatever) of all income taxes.

Which backs up Buffet's claim even more!

He's full of shit.

It's funny how you tools never mention payroll taxes when claiming the upper such-and-such percent pay 47 percent (or whatever) of all income taxes.

Because they do pay 47 percent (or whatever).

 

[leftwinger]

Explain how a 15% flat tax rate is less progressive than the millionaires like John Kerry paying 13%?


"In 2004, John Kerry and his wife released portions of their separate tax returns that showed the couple paid an effective federal tax rate of about 13 percent on $5.5 million in income from the year before. (At first, Kerry only released his own tax return. He later released the first two pages of the tax return of his millionaire wife, Teresa Heinz.) "

Mitt Romney’s not the only 15 percenter: John Kerry paid 13 percent in taxes in 2003

Mitt Romney acknowledged yesterday that his tax rate is probably about 15 percent--lower than what many high-income families pay. Romney, whose net worth is estimated to be between $200 and $250 milli...

www.yahoo.com

Investments use after Tax dollars. Already taxed once. You need to add that up also don't you?